NDTV Profit’s Post

The RBI has lifted its restrictions on Navi Finserv, founded by Sachin Bansal, after the company addressed concerns related to excessive interest rates and regulatory non-compliance. #Fintech #RBI #NaviFinserv #BusinessNews #NaviFinserv #SachinBansal #RBI #Fintech #LoanSanctions #FinancialRegulations #BusinessUpdate #FintechNews #IndiaBusiness #RegulatoryCompliance #BankingNews #FinancialServices

After RBL Bank, Bajaj Finance has ended its co-branded credit card with DBS Bank India. This comes as RBI norms make such partnerships less attractive for non-banks.

HDFC Bank secures RBI nod to acquire 9.5% stake in AU Small Finance Bank AU Small Finance Bank has received approval from the RBI for HDFC Bank and its group entities to acquire up to 9.5% of its stake. The acquisition, subject to regulatory compliance, must be completed within one year, or the approval will be revoked. #finvento #hdfc #rbi #bank #update

#BankingAndFinanceNews Please Repost

My friend is experiencing significant issues with your bank, IIFL Finance leading to a deeply frustrating experience. Despite multiple follow-ups and visits, there has been no resolution or support. He took a loan of 40 lakhs and 2 lakhs in insurance in 2018, but after six years of consistent payments, there's been no reduction in the total amount. This lack of transparency and support is unacceptable. We would like to ask for urgent assistance to resolve this situation. Your bank must address this issue quickly to restore customer trust and satisfaction. IIFL Finance #CustomerSupport #BankingIssues #LoanProblems #CustomerExperience #BankingReform Vivek Singh Bhadoriya Abhiram Bhattacharjee Ashokkumar Gopalsamy Harshit Mongia Dilip Soni Sajan Varghese Deepak Jangid

The RBI has removed the restrictions on Navi Finserv, allowing it to resume loan disbursements after the company made necessary corrections to its practices. #FintechNews #NaviFinserv #SachinBansal #BusinessNews #StartupUpdates #NaviFinserv #RBI #Fintech #RegulationCompliance #SachinBansal #StartupNews #BusinessUpdates #FintechNews #LoanSanctions #FinancialServices #BankingRegulations

Godrej Capital - Today I got a call from one of your senior management persons Ms. Deepa regarding my concern. Despite confirmation from Godrej Capital over the email and phone calls, now Godrej Capital has put the remaining disbursement of flexi loan on hold due to some policy of yours. This was communicated to me today only and that too, post yesterday’s escalation. As per Ms. Deepa, Godrej Capital confirmed by mistake that further disbursement can be done in future. But how is it possible that for the last 2 months, Godrej Capital has been sharing confirmation with me over the emails and phone calls that remaining disbursement of flexi loan can be done anytime on demand in future. Even your Mumbai Nodal Officer Mr. Pankaj shared same confirmation multiple time times with me. Same mistake can be done once or twice but definitely not repeatedly for the last 2 months. To escape this situation, Ms. Deepa was apologising 10 times on the call today but this is not going to help me. The repeated assurances I received have proven to be false, and this situation has caused significant frustration and inconvenience. Kunal Karnani As Chief Financial Officer at Godrej Capital, I expect you to please take the ownership of these fake assurances made by your Customer care team and Nodal officer, and suggest the path forward to address my concern else I will be compelled to escalate this matter further to the banking/NBFC ombudsman RB-IOS, 2021. Manish Shah Godrej Properties Limited Godrej Industries Group Pankaj Gupta Nalin Jain Deepa Padmanabhan Reserve Bank of India (RBI)

Reserve Bank of India (RBI) releases NBFC upper layer list for year 2024-25. Article Credit : Indian Express If You Haven't Already, Please Follow OurConnect Financial Consultants LLP & Amit Dua For Many More Interesting Posts !! #reservebankofindia #rbi #nbfc #nbfcupperlayerlist OurConnect Financial Consultants LLP Amit Dua Rakhi Dua

Reserve Bank of India (RBI) releases NBFC upper layer list for year 2024-25. Article Credit : Indian Express If You Haven't Already, Please Follow OurConnect Financial Consultants LLP & Amit Dua For Many More Interesting Posts !! #reservebankofindia #rbi #nbfc #nbfcupperlayerlist OurConnect Financial Consultants LLP Amit Dua Rakhi Dua

Bandhan Bank : Fiasco Bandhan bank paid me quarterly interest on my 10 FDs with them on October 01,2024. 20 accounting entries for interest and TDS thereon have been passed in our joint accounts. But surprisingly I have been receiving since October 3,2024series of badly drafted no-reply alert emails from the bank advising these transactions dated October 01,2024 till today. What is the point in sending on 6th October alert mail for transaction put through on October01? I do not know how unprofessional a banker may be in engaging costly resources to trigger panic button to the discomfiture of the customers more than three days after the date of the related transaction! .Mails should have been triggered on the date of transactions.